Source: Cailian
U.S. President Donald Trump said Powell must cut interest rates immediately, and the rate should be larger than he thought.
Related reports: Trump says "now the conditions for interest rate cuts can be perfect" Powell "incapacity"
On the afternoon of September 14, local time, U.S. President Donald Trump again criticized Federal Reserve Chairman Powell's "really incompetent" position, adding that he expected the Fed to "reduced interest rates substantially" because "there was no choice but to reduce interest rates."
The Federal Reserve is scheduled to hold a monetary policy meeting on September 16-17, local time. The general expectation is that the Federal Reserve will launch the rate-cutting process at this meeting.
Since January this year, the Fed has made five consecutive decisions to keep the federal fund interest rate target range unchanged between 4.25% and 4.50%. Analysts believe that the weakness of the job market has strengthened market expectations for the Fed to open a new round of interest rate cuts at the September monetary policy conference. The Chicago Commodity Exchange’s Federal Reserve Observatory forecast shows that the Fed’s probability of cutting interest rates by at least 25 basis points in September is considerably high.